News Archives for Print - 2024-05-28

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Print - 2024-05-28

UN hails $4.8bn in new pledges to boost global connectivity

GENEVA: The United Nations said Monday that it had raked in $4.8 billion in new pledges towards closing the global...

Published 28 May, 2024 05:30am

The Weather

KARACHI: The weather report on Monday (May 27, 2024) and the forecast for Tuesday (May 28, 2024)...

Published 28 May, 2024 05:30am

Renovated KPT Staff College inaugurated

KARACHI: Federal Minister for Maritime Affairs, Qaiser Ahmed Sheikh along with Chairman KPT Syedain Raza Zaidi...

Published 28 May, 2024 05:30am

MENA

Gold rush in Dubai continues to attract all nationalities including Pakistanis

As bullion prices hit record highs in recent weeks, retail demand may have dampened, but traders in Dubai are...

Updated 28 May, 2024 11:33am

PB-9 Kohlo: SC dismisses re-polling order

ISLAMABAD: The Supreme Court dismissed the Election Commission of Pakistan’s order to hold re-polling in four...

Published 28 May, 2024 05:30am

Whole nation observing Youm-e-Takbeer’s 26th anniversary today: Gillani

ISLAMABAD: Acting President Syed Yousuf Raza Gillani said that the whole nation is observing Youm-e-Takbeer (28th...

Published 28 May, 2024 05:30am

St Patrick’s High School graduation ceremony

KARACHI: St Patrick’s High School graduation ceremony of ECCE class of (2023-2024, was held on Saturday, marking a...

Published 28 May, 2024 05:30am

Sharjeel assails KE over inflated bills, power outages

KARACHI: Sindh Information Minister Sharjeel Inam Memon on Monday lashed out at K-Electric (KE) for sending inflated...

Published 28 May, 2024 05:30am

PTI assails govt for failing to reopen Angoor Adda crossing

ISLAMABAD: The opposition Pakistan Tehreek-e-Insaf (PTI) on Monday lambasted the government for not opening Angoor...

Published 28 May, 2024 05:30am

Youm-e-Takbeer: ‘An abrupt holiday announcement to put businesses on hold’

KARACHI: Despite the efforts and awareness created last time for unnecessary holidays granted by the government, we...

Published 28 May, 2024 05:30am

‘Cardiac Complex’ being set up in Mayo Hospital

LAHORE: A state-of-the-art ‘Cardiac Complex’ will be built in Mayo Hospital Lahore while Department of Cardiac...

Published 28 May, 2024 05:30am

PCB Women’s University Cricket Tournament 2024 begins today

LAHORE: The first-ever PCB Women’s University Cricket Tournament 2024 will kick off in Lahore, Rawalpindi, Karachi...

Published 28 May, 2024 05:30am

Upper parts: Met Office predicts rains, dust storms

LAHORE: Met office has predicted that a shallow westerly wave is likely to affect upper parts of the country on the...

Published 28 May, 2024 05:30am

Punjab govt to disburse Rs150bn interest-free loan among farmers

LAHORE: The Punjab government will disburse interest-free agricultural loans to the farmers worth Rs150 billion ...

Published 28 May, 2024 05:30am

Nawaz set to become PML-N president

LAHORE: The general council of the Pakistan Muslim League-Nawaz (PML-N) is all set to re-elect the former PM Nawaz...

Published 28 May, 2024 05:30am

PML-N president election today; 11 nomination papers issued

LAHORE: As many as 11 individuals have obtained nomination papers for the election of the PML-N president whose...

Published 28 May, 2024 05:30am

Cases of forced disappeared persons: IHC accepts govt’s request to include ‘second highest level officials of agencies’ in body

ISLAMABAD: The Islamabad High Court (IHC) accepted the request of the Attorney General for Pakistan (AGP) to include...

Published 28 May, 2024 05:30am

’Rigging’ in PP-32: ECP set to hear Elahi’s plea today

ISLAMABAD: The poll organisation is scheduled to hear tomorrow (Wednesday) the petition of President Pakistan...

Published 28 May, 2024 05:30am

Minister rejects PTI’s narrative with vehemence

ISLAMABAD: Federal Minister for Information and Broadcasting Attaullah Tarar, Monday, while slamming Pakistan...

Published 28 May, 2024 05:30am

Sindh govt introduces third-party system for issuing food licences

KARACHI: In a bid to facilitate the business community, the Sindh government has introduced a third-party system for...

Published 28 May, 2024 05:30am

AJ&K, GB turn out to be only region with 100pc teledensity: PTA

ISLAMABAD: Despite difficult terrain and sparse population, Azad Jammu and Kashmir (AJ&K) and Gilgit-Baltistan...

Published 28 May, 2024 05:30am

PML-N leaders Saad, Mashhood meet PM

LAHORE: Former federal minister and senior PML-N leader Khawaja Saad Rafique called on Prime Minister Muhammad...

Published 28 May, 2024 05:30am

IPP stages demo in solidarity with army

LAHORE: The Istehkam-e-Pakistan Party (IPP) staged a demonstration in front of the Lahore Press Club on Monday to...

Published 28 May, 2024 05:30am

Misuse of diplomatic passport: Court grants bail to ex-premier AJK

ISLAMABAD: A local court on Monday granted bail to former prime minister Azad Jammu Kashmir (AJK) Sardar Tanveer...

Published 28 May, 2024 05:30am

Country experiencing ‘one-man worst dictatorship’ era since IK removal: Raoof

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) said on Monday that the country is experiencing an era of “one-man worst...

Published 28 May, 2024 05:30am

Sindh PA proceedings: Concern voiced over use of narcotics by students

KARACHI: Opposition in Sindh Assembly on Monday voiced concern over drug addiction reports with the treasury fearing...

Published 28 May, 2024 05:30am

Bilawal praises security forces for killing 23 terrorists in KP

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari said that the killing of 23 terrorists ...

Published 28 May, 2024 05:30am

Big financing risks

The IMF Staff Mission has left Pakistan after a series of meetings on the next Fund Programme in the form of an...

Updated 28 May, 2024 05:54am

External-internal conundrums

Federal Interior Minister Mohsin Naqvi has demanded in a press conference that the Afghan Taliban government arrest,...

Updated 28 May, 2024 06:01am

Stocks

Indian shares inch lower in choppy trade

BENGALURU: Indian stocks closed lower on Monday as an extended rally in financial stocks on the central bank’s...

Published 28 May, 2024 05:30am

Stocks

PSX holiday today

KARACHI: Pakistan Stock Exchange (PSX) will remain closed on Tuesday, May 28, 2024 (today) on the occasion of...

Published 28 May, 2024 05:30am

Letters

Managing the student crisis in Kyrgyzstan: a PR perspective

Despite the Pakistan government’s extensive efforts to manage the crisis involving students in Kyrgyzstan, social...

Published 28 May, 2024 05:30am

Youm-e-Takbeer: the day PAEC made the nation proud

May 28 has a special significance in the life of every Pakistani. On this day, the scientists, engineers and...

Published 28 May, 2024 05:30am

Budget 2024-25: expectations

A budget is not merely a document of aggregated information on revenues, capital, and external receipts and on the...

Published 28 May, 2024 05:30am

ISSI hosts delegation of IRCRA as part of Azadi Fellowship programme

ISLAMABAD: The Institute of Strategic Studies Islamabad (ISSI) hosted a delegation of the International Research...

Published 28 May, 2024 05:30am

NAO, Election Act amended

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N)-led coalition government once again amended the National...

Published 28 May, 2024 05:30am

PBS launches 7th Agri Census with awareness seminar at SAU

HYDERABAD: Pakistan Bureau of Statistics (PBS) commenced the 7th Agricultural Census in Pakistan with an awareness...

Published 28 May, 2024 05:30am

Punjab IG discusses security issues with Chinese CG

LAHORE: Inspector General of Police Punjab, Dr. Usman Anwar, paid a visit to the Chinese Consulate General Office...

Published 28 May, 2024 05:30am

Rainy spell forecast for upcountry

KARACHI: A rainy-stormy spell is set to beat the prevailing heatwave across the upcountry from today through June 1,...

Published 28 May, 2024 05:30am

SU, AIPS sign MoU to promote cooperation in higher education

HYDERABAD: A memorandum of understanding (MoU) has been signed between the University of Sindh (SU), Jamshoro and ...

Published 28 May, 2024 05:30am

Population welfare: UNFPA, Punjab govt agree to collaborate

LAHORE: A delegation from the Foreign, Commonwealth and Development Office, the World Bank, and the United Nations...

Published 28 May, 2024 05:30am

ZU launches Dr Aijaz Fatima Women & Children Centre

KARACHI: “In the loving memory of our people who have delivered their services to the nation, they should be...

Published 28 May, 2024 05:30am

Commodities’ smuggling: List of 108 Punjab govt officials unveiled

KARACHI: The Ministry of Interior has disclosed the list of 108 officials from Punjab government, who are involved ...

Published 28 May, 2024 05:30am

SHC allows reporters to cover court proceedings

KARACHI: The Sindh High Court (SHC) on Monday allowed court reporters to cover judicial proceedings. As per details,...

Published 28 May, 2024 05:30am

Seven soldiers martyred, 23 terrorists killed in KP

RAWALPINDI: Security forces have eliminated 23 terrorists in three operations in Khyber Pakhtunkhwa. The...

Published 28 May, 2024 05:30am

Youm-e-Takbeer: Public holiday today

ISLAMABAD: Prime Minister Shehbaz Sharif has declared 28th May 2024 (Youm-e-Takbeer) as a public holiday throughout...

Published 28 May, 2024 05:30am

Power supply to theft-free areas: KP govt, PD agree to reach formal agreement

ISLAMABAD: Power Division and Khyber Pakhtunkhwa (KPK) government are said to have agreed to reach a formal pact to...

Updated 28 May, 2024 09:22am

Energy

‘Renewable integration, Discos privatisation can resolve energy crisis’

KARACHI: Pakistan’s energy crisis is a complex issue that affects daily life badly. The causes included...

Published 28 May, 2024 05:30am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (May 27, 2024). ==================================== BR...

Published 28 May, 2024 05:30am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (May 27, 2024)....

Published 28 May, 2024 05:30am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (May 27, 2024). ======================== Open Bid Rs...

Published 28 May, 2024 05:30am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (May 27,...

Published 28 May, 2024 05:30am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (May 27, 2024). ========================== KIBOR...

Published 28 May, 2024 05:30am

Energy

Ogra bans sale, purchase of substandard LPG cylinders

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has banned the sale and purchase of substandard liquefied...

Published 28 May, 2024 05:30am

Commodities

Gold prices up Rs800

KARACHI: The local gold market on Monday resumed its trade on an uptrend note, following a slight increase in the...

Published 28 May, 2024 05:30am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 12.345...

Published 28 May, 2024 05:30am

Stocks

European shares end holiday-affected session higher

PARIS: European stocks closed slightly higher on Monday and government bond yields eased, amidst hints of upcoming...

Published 28 May, 2024 05:30am

Rates

Activities at Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 358,745 tonnes of cargo comprising 168,582 tonnes of import cargo and ...

Published 28 May, 2024 05:30am

Cotton & Textile

Slow business activity on cotton market

LAHORE: The local cotton market on Monday remained bearish and the trading volume remained low. Cotton Analyst...

Published 28 May, 2024 05:30am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (May 27, 2024)...

Published 28 May, 2024 05:30am

Stocks

China stocks rise as industrial profits grow

SHANGHAI: Mainland China and Hong Kong shares ended higher on Monday, led by energy and semiconductor stocks, while...

Published 28 May, 2024 05:30am

Stocks

Qatar index hits 7-month low as most Gulf bourses slip

DUBAI: Stock markets in the Gulf slipped on Monday as investors turned cautious ahead of the US inflation data this...

Published 28 May, 2024 05:30am

Energy

Power theft: Sindh, Balochistan, KP govts do not lend a helping hand to Discos?

LAHORE: A 10 percent electricity bills/recovery loss in the province of Punjab may be equal to the total demand of...

Published 28 May, 2024 05:30am

Hydropower projects: PM tells MoC, MoF and PD to sort out ‘issues’ with Korean cos

ISLAMABAD: The Prime Minister has directed Commerce Ministry, Finance Ministry and Power Division to sit with Korean...

Updated 28 May, 2024 03:11pm

Upcoming budget: FBR to issue new rules to process pending refund applications

ISLAMABAD: The Federal Board of Revenue (FBR) will issue new rules and regulations in budget 2024-25 to...

Updated 28 May, 2024 08:35am

PM forms body on additional utility-scale renewable energy power project

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a committee to evaluate benefits of additional utility...

Updated 28 May, 2024 08:35am

Foreign investors: Jul-Apr profit repatriation up 250pc

KARACHI: Repatriation of profit and dividend by foreign investors posted a notable growth of 250 percent during the...

Updated 28 May, 2024 09:11am

Centre, KP agree to resolve electricity issues

ISLAMABAD: After holding two-day back-to-back meetings, the federal government and the provincial government of...

Updated 28 May, 2024 09:11am

‘NAB ends probes’: NCPL demands PD pay Rs8.35bn withheld amount

ISLAMABAD: M/s Nishat Chunian Power Limited (NCPL), owned by tycoon Mian Mansha, has demanded of the Power Division...

Updated 28 May, 2024 03:11pm

Taxes

FBR to replace WeBOC with new digital system

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to replace WeBOC customs clearance system with the new...

Published 28 May, 2024 05:30am

Rates

Profit-taking trims gains

KARACHI: Pakistan Stock Exchange on Monday witnessed a bearish trend due to selling pressure as investors opted to...

Published 28 May, 2024 05:30am

ECC allows SNGPL-based fertiliser plants to operate at Rs1,597/MMBTU

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed the SNGPL-based fertiliser plants to...

Updated 28 May, 2024 09:02am

All set to dispatch high-level trade team to Iran

ISLAMABAD: Pakistan is all set to dispatch a high level trade delegation led by Commerce Minister Jam Kamal to Iran...

Updated 28 May, 2024 09:01am

Farmers propose ‘fixed tax regime’ for agri sector

Demand government to ensure a dedicated track and trace system to bring the retailers, and businesses from the informal sectors with progressive taxes into the tax net

Updated 28 May, 2024 09:26am

Business leaders seek relief package for cottage sector, SMEs

KARACHI: Leaders of United Business Group (UBG) Chief Petron SM Tanveer, President Zubair Tufail, Secretary General...

Published 28 May, 2024 05:30am

Terror from Afghanistan

EDITORIAL: The leadership of the banned Tehreek-e-Taliban Pakistan that is based in Afghanistan and intelligence...

Updated 28 May, 2024 06:04am

Phenomenal rise in domestic borrowing

EDITORIAL: The government borrowed up to 77 percent domestically to finance its fiscal deficit in the first six...

Updated 28 May, 2024 05:52am

PAAPAM urges govt to take steps thru budget to ‘rescue’ auto parts industry

LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has urged the government...

Published 28 May, 2024 05:30am

FED on cigarettes likely to be increased in budget

ISLAMABAD: The government is likely to increase Federal Excise Duty on cigarettes in coming budget (2024-25). It is...

Published 28 May, 2024 05:30am

KCCI budget proposals to be forwarded to authorities: Ali Pervez

KARACHI: Minister of State for Finance & Revenue Ali Pervez Malik has assured to forward KCCI’s ...

Published 28 May, 2024 05:30am

US iterates support to reform plan

ISLAMABAD: United States Ambassador to Pakistan Donald Blome on Monday highlighted Washington’s ongoing support for...

Updated 28 May, 2024 09:20am

Money & Banking

Most Asian FX gain, interest rate outlook eyed

BENGALURU: Most Asian currencies and stocks started the week on a positive note, with the South Korean won and the...

Published 28 May, 2024 05:30am

Money & Banking

Dollar firm ahead of global inflation data

SINGAPORE/LONDON: The dollar held steady on Monday, but was set for its first monthly loss this year, as investors...

Published 28 May, 2024 05:30am

Industry

Industrial estate on a ‘plug-and-play model’ being planned: CM

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif said on Monday that they want to set up industrial estate on a ...

Published 28 May, 2024 05:30am

Taxes

Illicit cigarettes’ consumption increases due to heavy taxes: NGO

LAHORE: With increase in taxes on legal cigarette manufacturers, the illicit tobacco trade and consumption have...

Published 28 May, 2024 05:30am

Companies

IMS-EFG merger: CCP approves scheme of arrangement

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a Scheme of Arrangement for the merger of M/s...

Published 28 May, 2024 05:30am

Taxes

FBR asked to adopt all modes of service of notices to taxpayers

ISLAMABAD: The tax advisors have asked the Federal Board of Revenue (FBR) to instruct its field formations to adopt...

Published 28 May, 2024 05:30am

Taxes

Expert floats budget proposals ‘FBR should raise valuations with cut in advance tax on property deals’

ISLAMABAD: The Federal Board of Revenue (FBR) has received a budget proposal that the FBR’s valuation and district...

Published 28 May, 2024 05:30am

Oman delegates visit REAP office, keen to import Pak rice

KARACHI: Oman government has expressed significant interest in procuring Pakistani rice to meet the domestic ...

Published 28 May, 2024 05:30am

Positive trajectory in bilateral relations: Pakistan, Hungary agree to work together

ISLAMABAD: Pakistan and Hungary have agreed to work together for exploring new areas of cooperation in bilateral...

Published 28 May, 2024 05:30am

Taxes

5G licenses: Shortfall of Rs32bn likely in non-tax revenue

ISLAMABAD: The country is likely to face a shortfall of around Rs32 billion in non-tax revenue from 5G licenses,...

Published 28 May, 2024 05:30am

Meezan Exchange Company Ltd launched

KARACHI: Meezan Bank, strengthening foothold in forex services and business, has formally launched its wholly owned...

Published 28 May, 2024 05:30am

Companies

PTC launches 'Made in Pakistan 3.0' initiative

ISLAMABAD: Pakistan Tobacco Company Limited (PTC) Monday announced the launch of its 'Made in Pakistan 3.0'...

Published 28 May, 2024 05:29am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 27	278.95
USD PKR Interbank Buying / Jan 27	278.80
USD to Japanese Yen / Jan 27	154.64
USD to Swiss Franc / Jan 27	0.90
Pound Sterling to USD / Jan 27	1.25
Euro to USD / Jan 27	1.05

Stock	Volume
S&P 500 / Jan 24	6,101.24
Nasdaq / Jan 24	19,954.30
Dow Jones / Jan 24	44,424.25
India Sensex / Jan 27	75,346.55
Tokyo Nikkei / Jan 27	39,565.80
Hang Seng / Jan 27	20,197.77
FTSE 100 / Jan 27	8,485.58
Germany DAX 30 / Jan 27	21,124.29

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 24	18,485
Gold 10 Grams PKR / Jan 24	248,285
Crude Oil USD/Barrel / Jan 27	74.82
Gold Spot USD/Ounce / Jan 27	2,763.59
Cotton US¢/pound / Jan 27	67.70
Petrol/Litre / Jan 28	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd (Pref) / Jan 27 Chenab Limited (Pref)(CLCPS)	3.93 ▲ 0.49 (14.24%)
Chenab Ltd / Jan 27 Chenab Limited(CHBL)	8.57 ▲ 1 (13.21%)
B. F. Mod. / Jan 27 B.F. Modaraba(BFMOD)	8.39 ▲ 0.89 (11.87%)
Sanghar Sugar / Jan 27 Sanghar Sugar Mills Limited(SANSM)	25.36 ▲ 2.31 (10.02%)
Leather Up Ltd. / Jan 27 Leather Up Limited(LEUL)	36.70 ▲ 3.34 (10.01%)
Shahtaj Sugar / Jan 27 Shahtaj Sugar Mills Limited(SHJS)	113.69 ▲ 10.34 (10%)
At-Tahur Ltd. / Jan 27 At-Tahur Limited(PREMA)	25.85 ▲ 2.35 (10%)
Archroma Pak / Jan 27 Archroma Pakistan Limited(ARPL)	478.56 ▲ 43.51 (10%)
Saritow Spinning / Jan 27 Saritow Spinning Mills Limited(SSML)	12.24 ▲ 1.11 (9.97%)

Stock	Price
LSE Financial Serv. / Jan 27 LSE Financial Services Limited(LSEFSL)	17.52 ▼ -1.95 (-10.02%)
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	39.53 ▼ -4.39 (-10%)
Hussain Industries / Jan 27 Husein Industries Limited(HUSI)	28.50 ▼ -3.14 (-9.92%)
Arctic Textile / Jan 27 Arctic Textile Mills Limited(ARCTM)	18.90 ▼ -2.08 (-9.91%)
Apna Microfin. / Jan 27 Apna Microfinance Bank Limited(AMBL)	10.09 ▼ -1.1 (-9.83%)
National Silk / Jan 27 The National Silk & Rayon Mills Limited(NSRM)	50 ▼ -5.44 (-9.81%)
Gammon Pak / Jan 27 Gammon Pakistan Limited(GAMON)	38 ▼ -4.04 (-9.61%)
Unicap Modaraba / Jan 27 Unicap Modaraba(UCAPM)	2.57 ▼ -0.27 (-9.51%)
Synthetic Prod / Jan 27 Synthetic Products Enterprises Limited(SPEL)	41 ▼ -4.06 (-9.01%)

Stock	Volume
Cnergyico PK / Jan 27 Cnergyico PK Limited(CNERGY)	61,454,571 ▼ -0.13
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	57,677,562 ▼ -4.39
WorldCall Telecom / Jan 27 Worldcall Telecom Limited(WTL)	33,767,457 ▼ -0.06
The Searle Co. / Jan 27 The Searle Company Limited(SEARL)	26,713,969 ▼ -5.54
Pak Elektron / Jan 27 Pak Elektron Limited(PAEL)	22,757,545 ▲ 0.67
Fauji Cement / Jan 27 Fauji Cement Company Limited(FCCL)	20,797,108 ▼ -0.46
Citi Pharma Ltd / Jan 27 Citi Pharma Ltd.(CPHL)	18,489,077 ▼ -6.73
P.T.C.L. / Jan 27 Pakistan Telecommunication Company Ltd(PTC)	18,264,183 ▲ 0.82
Ghani Chem. Ind. / Jan 27 Ghani Chemical Industries Limited(GCIL)	17,202,553 ▲ 0.67

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